JPMorgan’s top short ideas into year-end include a popular restaurant stock and once-hot chipmaker

The stock market may have just hit another record high , but JPMorgan thinks betting against publicly traded companies such as Shake Shack and Snap could boost investor portfolios into the end of the year. U.S. stocks climbed Wednesday as investors awaited the release of minutes from the Federal Open Market Committee’s September meeting. The S & P 500 was trading 0.6% higher on the day, while the tech-heavy Nasdaq Composite shot up nearly 1%. The Dow Jones Industrial Average rose 0.17% in intraday trading, reversing its losses from the previous day . Still, several short-selling opportunities abound for investors, according to JPMorgan. The investment firm surveyed its top-ranked U.S. stock analysts for their “most compelling structural and tactical short ideas” as the fourth quarter began. Their picks included Shake Shack, Skyworks Solutions and Southwest Airlines . Here are the stocks JPMorgan analysts anticipate will decline in price, giving investors a chance to profit from those downturns. Here are some of JPMorgan’s stock picks for short sellers: Southwest Airlines The airline has begun pivoting away from its core long-standing brand, aiming to follow through on its “ambitious” fourth-quarter guidance, according to JPMorgan. Amid that shake-up, demand for the airliner appears to be “trending in the right direction,” the analysts said. However, the stock is still quite expensive, making it a good short-selling opportunity, they noted. Southwest shares are trading nearly 4% lower year to date. The company has an underweight rating from JPMorgan. Shake Shack Shake Shack’s high menu prices and its shift away from top-tier ingredient suppliers serve as reasons to short the fast-food company, according to JPMorgan. Analysts also noted that the burger chain has a lower-than-expected total addressable market to balance its relatively high prices against the frequency and breadth of its customers’ visits. Shake Shack’s shares have plunged more than 28% in the year to date. JPMorgan has given the stock an overweight rating. Skyworks Solutions Although Skyworks may be poised for near-term growth, the semiconductor company is likely to underperform its peers due to a “lack of upside catalysts,” JPMorgan analysts said. The stock has fallen nearly 15% since the beginning of the year. JPMorgan has a neutral rating on it.